ΟΙΚΟΝΟΜΙΑ
Higher rates across vessel segments prop up Baltic index
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a six-session long streak of declines on Tuesday, on a pickup in rates across all vessel segments.
Lower capesize, panamax rates weigh on Baltic index
The Baltic Exchange’s main sea freight index fell for a fourth straight session on Wednesday, pressured by losses in the larger capesize and panamax vessel segments.
Baltic index down as capesize vessel rates fall
The Baltic Exchange’s main sea freight index fell for a second straight session on Monday, weighed down by a dip in capesize vessel rates.
Iron ore erases gains on lingering demand concerns, weak steel prices
Dalian iron ore futures fell on Thursday, erasing earlier gains as a weak steel market and lingering woes over steel production cuts offset optimism about resilient demand after some mills in China’s top steel production hub Tangshan resumed production.
Brazil sugar production up 8.9% in early July, says UNICA
Brazil’s center-south sugar production rose 8.9% in the first half of July when compared with a year earlier, totaling 3.24 million metric tons, data from industry group UNICA showed on Tuesday.
Algeria buys wheat in tender for shipment to 2 ports – traders
Algeria’s state grains agency OAIC is believed to have bought milling wheat in an international tender on Thursday which sought limited shipment to two ports only, European traders said.
Paris wheat drifts lower as harvest, Black Sea news monitored
Euronext wheat eased on Friday, curbed by a stronger euro as traders awaited clearer indications on harvests and a Black Sea shipping corridor from war-torn Ukraine, dealers said.
